MarketWatch: Food - October 2008
Introduction
The Food MarketWatch contains the latest news, analysis and opinion, covering all the month's major issues including mergers and acquisitions, marketing and regulatory issues. It covers the period from August 15 September 14 2008.
Scope
*Geographic coverage: global
*Category coverage: food
Highlights
Datamonitor's Food MarketWatch provides monthly insight into the key events in the food industry
Reasons to Purchase
*Gain monthly insight into the key events across the food industry
*Learn more about the news, analysis and opinions of your industry
DATAMONITOR VIEW 1
CATALYST 1
SUMMARY 1
INDUSTRY UPDATE 2
News in Brief 2
NEW PRODUCTS REVIEW 4
Minty fresh meets eco-cool 4
Pastries: top flavors in new products 7
New food launches by category, May - July: cheese products on the up 8
Product claims: new Food launches, May - July 2008 9
FEATURE ANALYSIS 10
Superquinn: owners want out 10
Morrison's strong performance continues 11
INDUSTRY COMMENT 12
Hovis: attempting to rejuvenate an iconic brand 12
Innocent Drinks: moving into vegetables could be far from smooth 13
UK grocery: Asda and Tesco fire starting pistols in new price war 14
Tesco: frees up cash for growth 15
Lidl: cheap and now convenient 16
NEWS 17
Headlines 17
Nestle to expand Anderson facility and create more jobs 17
Tootie Pie's Q1 gross profit up 87% 17
Emerald Dairy's Q2 net income decreases 17
Papa Bello receives approval for selling franchises in Illinois 17
Luby's opens new restaurant in Texas 17
Santa Fe Cattle to open new restaurant in Mississippi 17
JM Smucker's Q1 net income increases 18
Burger King opens 1,000th location in Latin America and Caribbean region 18
Flowers Foods Q2 net income increases 18
Brazil Fast Food Q2 net income decreases 18
America Seafoods acquires factory trawler Highland Light 18
American Lorain posts profit in Q2 18
Triarc and Wendy's announce shareholders meetings to approve proposed merger 19
Kroger recalls corn puff snack 19
UFood Grill announces signing of new lease in Roseville, California 19
Famous Dave's of America names vice president of human resources 19
Noodles & Company to open new restaurant in Illinois 19
Applegate Farms launches yogurt cheese with probiotics 19
Sysco and Dezina Marketing form joint venture 19
Woolworths rejects takeover offer from Iceland Foods 20
Glitnir advises ASG on acquisition of Alaskan Pollock assets of Yardarm Knot 20
Monterey Gourmet Foods appoints new director 20
Brinker to sell majority interest in Romano's Macaroni Grill to Golden Gate 20
Berryism selects Relations PR & Marketing as agency of record 20
Tcho deploys VMware's virtualization solution 20
Domino's Pizza rolls out new line of oven baked sandwiches 20
Hat Trick Beverages introduces soups 21
Red Robin Gourmet Burgers to open new restaurant in Indiana 21
Almarai to acquire Beyti 21
Marks & Spencer intends to cut redundancy benefits 21
Sainsbury's opens new environment-friendly store in Devon 21
Tesco may sell stores to raise GBP500 million 21
Baxters Food names new deputy chief executive 21
Cold Stone Creamery opens new store in Japan 22
Nascent Foodservice appoints new independent director 22
China Green's annual turnover up 33% 22
Dunkin' Donuts announces franchising opportunity in several US markets 22
Golden Dragon enters into food distribution agreement with CNGFIC 22
Cargill's annual revenue up 22
Canada Safeway's British Columbia employees ratify collective agreement 22
Hindustan Unilever looks out for partners to market products 23
Sainsbury's introduces new pre-paid voucher card for students 23
Starbucks, PepsiCo and Unilever partner to grow Tazo tea RTD business 23
International Dairy Queen introduces new iron grilled sandwiches 23
Quiznos announces management changes 23
Chiquita sells Atlanta to Univeg 23
McCormick International names new president 24
Osem Investments agrees to buy Tribe Mediterranean Foods for $57 million 24
Cloetta Fazer's Q2 sales increase 24
Maple Leaf expands product recall 24
Tesco selects RedPrairie's enterprise workforce management application 24
Fresh & Easy opens second store in City of Orange 24
Sanitarium selects i2 Technologies for master planning capabilities 24
AFC Enterprises Q2 total revenues increase 25
Diamond Foods appoints new chief sales officer 25
BJ's Restaurants rolls out new lunch menu 25
Einstein Bros Bagels to expand in Texas 25
Chick-fil-A opens new location in Mentor, Ohio 25
CKE Restaurants Q2 blended same-store sales up 3.6% 25
Straws Development to open 25 Marco's Pizzas locations 25
KFC hikes product prices in China 26
Woolworths to rename Safeway brand 26
Tesco's advertising campaign misleading, says ASA 26
Sonic expands role of one of its VPs 26
McCormick & Schmick's Seafood Restaurants opens in Edina, Minnesota 26
Noodles & Company to open new location in Illinois 26
Radiant Systems expands relationship with Burger King restaurants 26
NutriPure Beverages' subsidiary prepares to franchise Peruvian restaurant chain 27
Hormel Foods Q3 net earnings down 27
Loblaws offers two Earth Balance products at select stores 27
Nestle recalls frozen stuffed pepperoni pizza sandwich products 27
Tesco completes GBP605 million worth property deals 27
Tesco Ireland intends to raise E70 million by selling properties 27
Sharjah to construct $32.6 million worth egg production plant 28
Eat Natural recalls Crunchy Toastcrumbs Oats Honey and Coconut cereal 28
MTY Tiki Ming Enterprises to acquire Tutti Frutti chain 28
Star Foods recalls chicken and mackerel products 28
Co-op withdraws butter flapjacks 28
Dabur's new plant in Pakistan likely to be operational in 2008 28
Almarai signs deal to acquire 75% of Jordanian food and beverage firm 29
Lidl enters into convenience store arena 29
Arla Foods buys remaining shares in Arla Ingman 29
Krispy Kreme's football doughnuts back in stores 29
Jack in the Box launches new Pita Snacks 29
Chevys Fresh Mex opens new restaurant in San Jose 29
Sara Lee Foundation provides grant to America's Second Harvest 29
Glanbia to acquire Optimum Nutrition for $315 million 30
Indian FMCG firms to launch new products despite inflation 30
Tasmanian dairy farmers' milk supply contracts safe, says Cadbury 30
Tesco witnesses 40% rise in sales of regional products 30
Co-op to open mini-banks in some convenience stores 30
Sanderson Farms reports loss in Q3 30
MGP Ingredients posts Q4 loss 30
Smithfield Foods reports Q1 net loss 31
Bear Naked introduces new line of granolas 31
Earth Balance's new vegan nut butters now available at Whole Foods Market 31
Starbucks introduces new coffees collection 31
Morrisons to lower prices of Asian World Food range by 20% 31
Chiquita creates joint venture with Haitong Food 31
Strauss Q2 group sales up 8% 31
Hain Celestial Q4 net income down 32
Amway India intends to increase product offerings 32
Cadbury to introduce two new Dairy Milk variants 32
YoCream's Q3 net income up 32
Lucerne Foods recalls certain Safeway, TakeAwayCafe brand sandwiches 32
SunOpta expands global organic supply capabilities 32
Golden Dragon signs distribution agreement with Beijing Hailvda 32
Red Robin Gourmet Burgers to open new restaurant in Illinois 33
G Willi-Food reports loss in Q2 33
Wendy's offers Nestle Nesquik milk and Squeezerz yogurt 33
Unilever and UN's WFP join hands to feed children in Pakistan 33
UK retail chains express interest in buying Superquinn 33
Sainsbury's slashes fruit and vegetable prices 33
Subway partners with schoolPax 33
Benihana Q1 net income drops 34
Muddy Cook launches new breakfast cereal for children 34
Sara Lee to launch campaign as part of Soft & Smooth brand marketing program 34
Del Monte Foods reports loss in Q1 34
Sara Lee appoints new board member 34
Premier Foods H1 turnover increases 43% 34
Wimm-Bill-Dann Foods Q2 sales up 26% 34
Jenny Lou's Supermarkets to carry Golden Dragon's selective food products 35
Pizza Hut adds new Premium Bacon Mac 'n Cheese to Tuscani Pastas line 35
John B Sanfilippo & Son's Q4 sales marginally up 35
Glanbia's H1 revenue up 35
Campbell Soup names new SVP, CFO and chief administrative officer 35
Bachoco selects KPMG as independent auditor 35
Perkins & Marie Callender's Q2 net loss widens 35
QFC recalls deli tuna salad items in Washington and Oregon 36
Nestle to shut down food plant in Norway 36
Danone reviews potential long-term strategic options for Frucor 36
Northern Foods to launch two new ranges of pizzas 36
Irish Competition Authority blocks Kerry's acquisition of Breeo 36
Wincanton to provide logistics services to Sara Lee in Poland 36
NexCen Brands announces resignation of board member 36
Tai Na International Fruits enters into alliance with Hangzhou Qunfeng 37
Welch's appoints Tonic Life Communications as public relations agency 37
Chocolove Premium Chocolate collaborates with USDA on cacao research project 37
Lucky Country recalls all natural black licorice products 37
Waitrose recalls pickled shallots 37
Sodexo to launch new nutrition program 37
Asda looks at diverting some of its sourcing activities from China 37
Associated British Foods in talks to acquire Azucarera Ebro 38
Russia bans imports from 19 US poultry producers 38
Fisherman's Friend introduces new flavor 38
Tai Na International enters into alliance with China National Green Food 38
AFS Technologies acquires IRM 38
California Pizza Kitchen opens new location in Mexico 38
Safeway raises $9.7 million to fight muscular dystrophy 38
Supermarket chains increase in-store promotions for fatty foods, says NCC 39
Compass and Radhakrishna Hospitality end partnership 39
Starbucks offers special coffees for Ramadan 39
Lidl to commence construction of pilot store in Bulgaria 39
Rosinter introduces Planet Sushi restaurant brand in Estonia 39
Chick-fil-A to open new stand-alone restaurant in Norman, Oklahoma 39
Northern Devon Healthcare Trust extends contract with Sodexo 39
CKE sells 29 Hardee's restaurants 40
Campbell hires new VP of corporate social responsibility 40
Reed's announces enhanced partnership with Quality Food Centers 40
Richelieu Foods buys Sara Lee's sauces and dressings business 40
Noodles & Company to open new outlet 40
Hershey names new board member 40
Amish Naturals expands distribution network 40
Nestle to move ice cream production from Romania to Bulgaria 41
Unilever to appoint Nestle's Paul Polman as group chief executive 41
Kellogg acquires assets of IndyBake Products and Brownie Products 41
Nellson Nutraceutical announces management changes 41
Little Caesar opens new location in Pennsylvania 41
Sweet Peppers Deli announces new franchise in Gulfport 41
Rise & Dine announces agreement to expand into new areas 41
Granite City Food & Brewery announces management changes 42
CKE Restaurants announces sale of 29 Hardee's restaurants 42
Red Robin Gourmet Burgers opens eighth restaurant in Maryland 42
Eldorado Artesian Springs retains Organic Food Brokers to open new markets 42
Campbell Soup launches Campbell's V8 soups 42
Diamond Foods launches new almond and cashew products 42
Pinnacle Foods to implement CDC Factory solution to increase productivity 42
Cefiore Italian Frozen Yogurt plans national expansion 43
Hooters introduces four new menu items for football season 43
Tyson Foods announces offering of common stock 43
Campbell Soup to launch Select Harvest soups 43
Starbucks launches five new breakfast options 43
T Marzetti recalls Girard's Honey Dijon Peppercorn bottles 43
Waitrose to launch line of milk produced from its own herd in Hampshire 43
SSP opens Flavours food retail brand at New Delhi's IGI Airport 44
Philip Morris International extends Rothmans offer 44
Calavo Growers Q3 net income down 44
Noodles & Company to open new restaurant in Sandy, Utah 44
Cadbury's board members to step down 44
Sainsbury's recalls batch of own-brand Strawberry Pencils 44
Surya Food & Agro to launch Priyagold chocolates and wafers 44
Kellogg introduces new cereal 45
Sodexho India changes name 45
Tangerine Confectionery selects Ceva as supply chain partner 45
Bell Aquaculture selects Absolutely Public Relations as PR agency 45
Ajisen improves security and productivity with Juniper Networks 45
Yanglin Soybean's Q2 net income up 45
Parmalat implements Expand Networks' WAN optimization technology 45
Heinz introduces new TGI Friday's Complete Skillet Meals 46
Cosi launches Lighten Up! menu 46
Dutch regulator imposes fine on Danone and Numico 46
McCormick & Schmick's Seafood Restaurants opens new location 46
Morrisons funds Let's Grow campaign 46
Starbucks to open new stores in Indonesia, says executive 46
Tesco installs Netezza data warehouse appliance to track stock wastage 46
McDonald's August global comparable sales up 47
Chick-fil-A to open new restaurant 47
Bond Laboratories to acquire NDS Nutritional Products 47
Carlson Restaurants Worldwide hires new VP of international marketing 47
Kraft Foods deploys SAP NetWeaver technology platform 47
Subway selects J Stokes as agency of record for Hawaii 47
Yogurtland opens two new stores 47
Forward Foods introduces new Detour Lean Muscle energy bar 48
Safeway to sell Australis Barramundi 48
FMCG firms stop or delay supplies to Subhiksha 48
Tesco Ireland introduces carbon labeling on certain products 48
Aldi plans to double store count in Canberra 48
Waitrose offers Indian foods and ingredients 48
Wyke Farms cheddar and butter to be available across Midwestern US 48
Fresh & Easy Neighborhood to introduce over 200 new own-brand products 49
Dave & Buster's Q2 total revenues up 49
Funky Monkey Snacks products receive organic certification 49
Dunkin' Donuts opens Madison for franchise sales 49
El Bravo Tamale partners with Sprouts Farmers Markets 49
China Yingxia International appoints new vice president of finance 49
Tyson enters into JV with Shandong Xinchang 49
Kraft Foods intends to enter into India by acquiring stake in local firm 50
Fyffes H1 profit before tax surges 50
Texas Chicken opens first restaurant in India 50
ACG Pizza Partners opens three new Stevi B's franchised locations 50
Campbell Soup's Q4 net earnings up 50
CKE Restaurants opens Hardee's in Saudi Arabia 50
Nui names COO of food and beverage operations 50
Famous Dave's names new president and CEO 51
Aldi recalls Harvest Morn Luxury Fruit Muesli 51
Sainsbury's recalls steak and ale pie 51
Campbell Soup Asia recalls soup in Hong Kong and Macau 51
Food prices likely to fall, says Waitrose's managing director 51
COMPANY SPOTLIGHT: CAMPBELL SOUP COMPANY 52
Campbell Soup launches Campbell's V8 soups 52
Business Description 52
SWOT Analysis 53
Strengths 54
Weaknesses 55
Opportunities 55
Threats 56
APPENDIX 58
Further reading 58
Index 59
About MarketWatches 60
Editors 60
Ask the analyst 60
Datamonitor consulting 60
Disclaimer 60
List of Tables
Table 1: Top claims in new Food launches, May - July 2008, compared to same period the year before 9
Table 2: Key Facts 53
Table 3: SWOT Analysis 53
List of Figures
Figure 1: Mr. Semechkin - Roasted Sunflower Seeds 5
Figure 2: Member's Mark - Milk - 1% Lowfat Grade A; 2% Reduced Fat Grade A 5
Figure 3: Lotte - Xylitol Premium Mint Eco Bottle, Xylitol White Cool Eco Bottle 5
Figure 4: Sarah & Luisa - Essknete 6
Figure 5: Dr. Oetker - Cold Sweet Soup Mix - Raspberry Black Currant 6
Figure 6: Dole - Portobello Mushrooms - Sliced; Whole 6
Figure 7: Pastry Products: top flavors in new products 7
Figure 8: Leading global food launches by category, May - July 2007 and 2008 8
